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How to file for an LLC with rental income that also has equipment and other expenses under it.
I have an LLC that I have rental property under. I originally filed previous years under Schedule E. This year I have equipment (snow plowing, backhoe, etc) for services at the properties. I wanted to write off these purchases and depreciation. I also wanted to use this equipment under the LLC to provide external services (contract work, plowing, earthwork for income - not just for my rental property). When checking the box during tax returns if I provide 'substantial services' (such as AirBnB), I do not. How do I file write offs for the equipment (Purchases/depreciation) and operating expenses along with the rental income? The majority of the income will be from rents with little from actual excavation/snow removal. I mainly just want to write this equipment off as it's used at the rental properties. Everything keeps steering me towards Schedule E due to the rental income.